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EC recommends more ambitious reforms

The European Commission has recommended in a report that Portugal reinforces its “ambitious reforms” that encourage economic growth and sustained structural consolidation, even though it recognises the country’s economic recovery over the past months.

The report builds on the fundamental conclusions that had been published immediately after the day following the end of the mission to Portugal and will be discussed at the nest Eurogroup meeting, the first to be chaired by the Portuguese finance minister, Mário Centeno.

In the document, the EC recognises that over the past six months the "economic growth has accelerated” and the “Portugal’s short-term economic and financial situation has improved and important progress was made to resolve short-term risks", but the future challenge was not to relax.

Brussels recalled that Gross Domestic Product (GDP) and employment should have gone up significantly in 20º17 because of exports and investment, but warned that despite the “important improvement” the investment as a percentage of GDP “remained well below the average” on the long term.

Comments

Encouraging to see positive reporting requirements Portugal. I visit Portugal often and can confirm article content reflected in real life in eastern algarve.

by Eva richards from Algarve on 23-01-2018 11:19:00

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